Oman Flour Mills profits exceed RO 12m

Oman Flour Mills Co posted a net profit of RO 12.145 million for the nine months ended March 31, 2017, as against last year’s profit of RO 8.921 million for the same period.

According to Shaikh Salah bin Hilal al Ma’awali, the chairman of the company, the increase in profit is attributable to enhanced period the company’s production sales and a fall in the prices of raw capacity increased 21 per cent materials and grains. On the other compared with the same period hand, the excellent performance last year. of Oman Flour Mills Group, Sohar Poultry Co’s net profit including all its subsidiaries, stood at RO 313,000 as against a during the period is due to profit of RO 323,000 in the same successful strategies pursued period last year, while sales at by the group aimed at reducing Atyab Bakery increased 10 per production costs and also due to cent to RO 9.8 Million, compared effective purchasing policies that to sales for the same period of last resulted in sourcing grains at the year. Atyab Bakery’s profit rose to best prices from the world market. RO 1.54 Million, from RO 1.13 The group achieved a net profit Million in the same period last year.ofRO10.551millionduringthe nine-month period as against a Atyab Food Technology Co. profit of RO 7.408 million for the achieved a net profit of RO 203,000 same period last year. as against RO 100,000 in the same

Oman Flour Mills Co sales rose period last year, while Atyab 5.9 per cent in the current quarter Technical Services registered a compared with the same period profit of RO 121,000 as against a last year. profit of RO 79,000 last year.

Its subsidiary Modern Poultry Shaikh Ma’awali said that the Farms Co achieved a net profit Sohar Mills is under construction of RO 450,000 compared to a net and is expected to start commercial profit of RO 448,000 during the production by the end of the same period last year. During the second quarter of 2018.